Ronald A. Stack, managing director and head of finance at Barclays Capital in New York, became chairman of the Municipal Securities Rulemaking Board yesterday, less than two weeks after his former firm, Lehman Brothers Inc., filed for bankruptcy protection.

Barclays bought Lehman's North American sales, trading, research, and investment banking businesses, causing Stack to have to shift from a securities firm seat to a bank firm seat on the 15-member board.

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